The following is the text of the speech that Pope Benedict delivered in Latin to members of a consistory, or church council, announcing his planned resignation on Monday. It was distributed by the Vatican in a statement: “Dear Brothers, I have convoked you to this Consistory, not only for the […]
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Benedict to resign, first pontiff since Middle Ages to quit
Pope Benedict, leader of the world’s 1.2 billion Catholics, said on Monday he will resign on Feb 28. because he no longer has the strength to fulfill the duties of his office, becoming the first pontiff since the Middle Ages to take such a step. The 85-year-old German-born Pope, hailed […]
Five banks control 70% of Nigerian market – Report
The imperfect competition in the banking sector since the shake-up by the Central Bank of Nigeria in 2009 has continued as five out of the 20 banks in the country currently control 70 per cent of the market. A report obtained from the Financial Derivative Company Limited on Friday listed […]
